The devastating effects of the Texas Deep Freeze and the continued polarization pushed by those behind Russiagate make clear that the United States remains trapped in a Neocon/Neolib paradigm which is propelling the nation, and the world, to a perilous future.

Major national media (CNN, AP, Washington Post, etc.) have quickly started adding the words “false” or “falsely” whenever referring to charges by elected officials or experts that wind turbine freezing set off the Texas disaster. This may signal that social media giant monopolists will soon start censoring such statements. Consider that the anti-nuclear, anti-coal policies of Green power brokers as Governors Andrew Cuomo of New York and Gavin Newsom of California can be effectively attacked as pushing more “Texas” calamities. That’s why the media are activated against public knowledge of what happened.But burning money doesn’t generate power. And low-density interruptible electric generators don’t generate power reliably. More fine-tuned data are available showing how the failure of wind power triggered the calamity in Texas. The data-driven research firm Cascend created charts of ERCOT’s power generation reports, by source and by day, and found a pattern not previously understood by most. The wind turbines across Texas, with their rated capacity in the winter of 25.1 GW, fluctuated wildly all during February with some points as low as 3-4 GW actually generated, some as high as 22 GW. But then on Tuesday, Feb. 9, as the polar vortex began settling down across Texas, wind power generation fell precipitously to 2 GW, rebounded over that week only to 8 GW at most, and fell by Sunday-Monday Feb. 14-15 back down to 2 GW and was below 4 GW through Wednesday Feb. 17. That’s 80-90% of the rated wind capacity gone for more than a week, the loss of nearly 20 GW of power generation. In fact, that was a loss of nearly 20% of all power generation. Cascend’s charts show that natural gas power production ramped up slowly but strongly during the days from the 9th to the 18th, going from about 15 GW of generation to briefly as high as 40 GW on Sunday, Feb. 14—at which point it was replacing the lost wind power—but then failed on the disastrous Monday, Feb. 15, dropping back down to 25 GW. For that day and the following two, gas power was making up only about half of the lost wind power. (The small amount of solar power capacity that Texas has installed, rarely generating as much as 8-9% of total power, disappeared entirely.) Coal-fired and nuclear power generation also fell from Feb. 13 onward, but by much smaller amounts; they fell from a combined total of about 35% of power generated, to about 25%, with most of the loss coming from reduced generation by coal plants.

It is astonishing that the countries with the world’s most unstable electricity grids and highest electricity prices, particularly Germany and Denmark, most aggressively and suicidality keep promoting the great technological leap backward called the Green Deal or “Great Reset.” Now look at the United States. After an absolute economic calamity and deadly human disaster due to Texas’ deregulated electricity grid and the widespread failure of its ubiquitous wind turbines in a freezing storm, Wall Street billionaires, Biden’s administration and national media continue promoting the Green New Deal folly as if nothing had happened.Now this must be stopped, and EIR’s super-timely Special Report exposing the Green New Deal’s “Great Leap Backward,” is only one step in what Lyndon LaRouche would do now. The U.S. economy—and moreso, those of Europe—have been thrown into reverse. What LaRouche in 1995 introduced as his “Triple Curve/Typical Collapse Function,” signaling the financial collapse of an economy, had three features: geometrically increasing rise in debt (“financial aggregates”); monetary aggregate rising even more rapidly in an attempt to liquefy good and bad debt alike; and the physical economy in accelerating decline. At the end of 2020 total global debt reached $281 trillion according to the Bank for International Settlements, up $21 trillion or 7.5% in just a year. Total U.S. debt rose to $69 trillion, up 11% during the past year. The Federal Reserve’s balance sheet has reached $7.6 trillion, indicating it has doubled bank reserves in 16 months by monetizing Treasury debt and buying mortgage-backed securities (MBS) from big banks—including another $90 billion in the past week alone. The U.S. money supply (M2) has increased by 26% in the year since February 2020, the largest one-year jump since 1943. And the physical economy? Some 19 million people received unemployment benefits in the week ending Feb. 7, with 7 million more “out of the workforce but wanting work” according to the Labor Department; that is 16% unemployment. That is LaRouche’s Triple Curve “Typical Collapse Function”—financial collapse or hyperinflationary explosion. Some market experts like Michael Burry of “The Big Short” fame now foresee the latter coming soon. Wall Street’s banks continue to go further out on speculative limbs. According to the FDIC, U.S.-based banks, as of Feb. 10, have received $800 billion in additional deposits since July 2020, while their loans and leases outstanding have dropped by nearly $300 billion in the same seven months. Concentrating on the biggest Wall Street banks, they have continued shifting their assets to trading desks and “fixed income” interest rate arbitrage: JPMorgan Chase from 34% of assets last January to 42% now; Goldman Sachs from 63% to 78%; Morgan Stanley from 50% to 56%, and so on. What must be done in such danger, LaRouche showed, is to use new national credit, to rapidly add new productive employment and increase productivity in production generally by technological breakthroughs in new economic infrastructure—for example, in nuclear power, crash programs for fusion power and space exploration, very high-speed transportation of people, goods, machinery. If, instead, we allow the Green New Deal’s “great leap backward” in human productivity, with such throwback technology as just failed in Texas—if we allow the governors of other states to push through this “Texas model” of wind and natural gas backup—we will pay very dearly in human life. We know what Lyndon LaRouche said must be done in such a situation. Put through a Glass-Steagall reform to break up Wall Street’s speculative casinos, and quickly create a national credit facility by nationalizing the Federal Reserve or creating a Hamiltonian national bank. Inject that credit into the economy through infrastructure agencies in particular, to create new productive employment and raise productivity with new technologies—exactly what the trillions in so-called COVID “relief” spending has not done. Pay farmers fair prices to raise and process food. Take the breakthroughs of the spacecraft at Mars and put human beings on the Moon again. EIR just published its special report, “The Great Leap Backward: LaRouche Exposes the Green New Deal,” in order to speed those actions Lyndon LaRouche would have insisted on.

On February 20, 2021, Helga Zepp-LaRouche addressed an audience of 150 youth and others on the topic of, on the one hand, the great danger which the “Great Reset/Green New Deal” poses to civilization, and on the other, the great potential for a new paradigm as indicated by the international cooperation which led to three successful missions to Mars over the recent weeks. “So I think the choices are very clear: The Great Reset going into the Dark Age, and space cooperation leading to a new era of civilization.”

Join us LIVE this Saturday at 2pm EST. The devastation and death across major portions of the US and Mexico from the polar vortex was not a “natural disaster,” but the man-made result of the systemic takedown of reliable fossil fuel and nuclear power plants, replaced by the primitive and unreliable use of sun and wind. This result was warned against in the EIR Special Report, “Great Leap Backwards – LaRouche Exposes the Green New Deal,” released just days before the polar vortex, demonstrating that this is the disaster awaiting the entire world if the Green New Deal is not replaced by international cooperation to deal with the global pandemic and economic breakdown with modern technologies, infrastructure and industrial development. Instead, we are witnessing the open mobilization by the US and its NATO allies for military confrontation with Russia and China, bringing the world to the brink of nuclear annihilation. Experts on China and Russia, as well as experts on the actual, galactic causes of climate change, will join this Schiller Institute Roundtable Forum, to discuss the urgent steps required to avoid the twin disasters of war and economic disintegration, and pose the changes in international relations required to turn the current crisis into a new paradigm of peace through development. We invite you and your friends and associates to join us.